At the AGM, the GB Group plc Board of Directors will propose a final ordinary dividend of 4.40 pence per share (FY24: 4.20 pence), amounting to £11.1 million (FY24: £10.6 million).
If approved, this will be paid on 1 August 2025 to ordinary shareholders whose names appear on the register of members at the close of business on 20 June 2025. The Group continues to operate a Dividend Reinvestment Plan, allowing eligible shareholders to reinvest their dividends into GBG shares.
Other financial highlights include:
=Revenue of £282.7 million, up 3.0% on a constant currency basis (CCY); and 1.9% on a reported basis
‒ Revenue growth driven by Identity, up 3.1%, and Location, up 6.2% on a CCY basis
‒ Identity and Location net revenue retention (NRR) improved to 101.1% (FY24: 99.0%)
‒ Fraud was down 4.0% on a CCY basis given timing of licence renewals, although annual recurring revenue (ARR) was up 5.0%
=Adjusted operating profit of £67.0 million, up 9.5%, as adjusted operating margin expanded by 160bps through our focus on simplification and efficiency
=Adjusted diluted EPS increased 14.9% to 17.4p, reflecting strong profitability and reduced net interest costs
=Strong cash conversion of 91.3% (FY24: 90.6%) resulting in a reduction of net debt to £48.5 million (31 March 2024: £80.9 million). This represents a net debt to EBITDA leverage of 0.70 times
=GBG intends to commence the required workstreams to move from AIM to the Main Market
